According to an UGPulse article, Governor Emmanuel Tumusiime Mutebile said the Bank of Uganda would consider introducing a 100,000-shilling (US$38.50) banknote if inflation doesn’t ease from recent levels around 30 percent. Currently the largest denomination is the 50,000-shilling note issued on 17 May 2010.

In a follow-up statement dated 11 November 2011, the Bank of Uganda clarified that it is not contemplating and has no immediate plans to introduce a 100,000-shilling note and that the bank has no intention of changing its currency structure at the moment.

For more information, buy The Banknote Book: At the time of initial publication, this 19-page catalog covers every note (152 types and varieties, including 28 notes unlisted in the SCWPM) issued by the Bank of Uganda from 1966 until present day.

Tags: Uganda